Judy Shelton Restoring Order to the Global Currency System

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News Date: July 21, 2020

President Donald J. Trump Announced Intent to Nominate Individuals to Key Administration Posts,
Judy Shelton of Virginia, to be a Member of the Board of Governors of the Federal Reserve System for the remainder of a 14-year term expiring January 31, 2024.
She is author of:
The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets.
Money Meltdown: Restoring Order to the Global Currency System.
Source:www.whitehouse.gov
Judy Shelton interview on gold standard:
"I like the idea of a gold backed currency, it could even be done in a Cryptocurrency sort of way.
A unified money system, so when you talk about the international marketplace, everyone is playing on a level monetary playing field.
I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve.
How can a dozen [...] people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate? The Fed is not omniscient. They don't know what the right rate should be. How could anyone? [...] If the success of capitalism depends on someone being smart enough to know what the rate should be on everything we're doomed. We might as well resurrect Gosplan.
A linked system could allow currency convertibility by individuals (as under a gold standard) or foreign central banks (as under Bretton Woods). Either way, it could redress inflationary pressures.
Source:twitter.com

Payroll tax holiday

President Donald Trump's first executive order today provides a payroll tax holiday to Americans earning less than $100,000 per year.
The administration is also looking at cuts to income taxes for lower and middle-income individuals, as well as cuts capital gains taxes.
Source:https://twitter.com

Fed to print 9.5 trillion and buy all the gold in the world

To test the value of the printed money, I suggest that the Fed prints $9.5 trillion and buys all the gold in the world, including jewelry, of 170,000 tonnes at the current price of $55.6 million per tonne. If they don't understand what will happen, I can tell them. They would have real problems getting hold of 1 tone of physical gold at that price. By the time they buy the second tonne, the market will value the dollar at its intrinsic value of ZERO, and gold measured in worthless dollars will go to infinity.
Source:goldswitzerland.com

State of the Union speech delayed to March

On the 20th January, Biden was scheduled to make his first State of the Union speech.
The speech has been delayed due to the current explosion of infections in the US, causing a breakdown in basic functions and services.
So, Joe Biden will give his first State of the Union address to Congress on March 1, the White House said.
Source: www.cnbc.com

Zimbabwe to join BRICS

Zimbabwe set to apply to join BRICS.
Zimbabwe has made overtures to join emerging economies that make up the BRICS bloc as part of its engagement and re-engagement thrust, which is particularly designed to increase the countries' clout globally, President Mnangagwa has said.
Sources: thezimbabwemail

White House was lit gold

On September 1, the White House was lit gold in honor of Childhood Cancer Awareness Month.
Over the last half century, substantial progress has been made in the diagnosis and treatment of several types of childhood cancer. The goal is to end childhood cancer and continuing to improve the care that all of these children receive.
Sources:twitter.com/WhiteHouse